In a historic move, the White House signed an executive order on March 6, 2025, officially establishing the U.S. Strategic Bitcoin Reserve and Digital Asset Reserve. This may signal a significant shift in the U.S. attitude towards cryptocurrency, explicitly recognizing Bitcoin as an asset of strategic value.
The executive order opens by explicitly recognizing Bitcoin as the original cryptocurrency, along with its key features - a total supply limit of 21 million coins and a security record of never being hacked. The executive order Bitcoin Described as the ‘digital gold,’ and indicated that the first countries to establish strategic Bitcoin reserves will gain significant strategic advantages due to its scarcity.
The government’s position is very clear: ‘The United States must harness, not hinder, the power of digital assets to promote national prosperity.’ This indicates that the U.S. government has recognized the potential of Bitcoin as a store of value in the global financial system.
This executive order establishes two separate but related entities:
The directive instructs the Secretaries of the Treasury and Commerce to develop strategies for acquiring additional government Bitcoin, but with one important caveat - these strategies must be budget-neutral and not impose additional costs on American taxpayers. This indicates the government’s recognition of the value of Bitcoin, while also demonstrating fiscal responsibility.
In contrast, executive orders have taken a more cautious approach to other digital assets besides Bitcoin. The U.S. government will not actively acquire more other digital assets unless through criminal or civil asset forfeiture procedures or to satisfy civil fines.
The order requires all government agencies to provide a complete account of all government digital assets they hold within 30 days, including information on the custodial accounts currently holding these assets. This measure aims to comprehensively understand the current situation of digital assets held by the government and provide a basis for strategic planning.
At the same time, in order to protect these digital assets, the order strictly limits the government agencies’ disposal of digital assets. Disposal is only allowed in specific circumstances, such as returning assets to identifiable crime victims, for law enforcement actions, fair sharing with state and local law enforcement partners, or to meet specific legal requirements. These provisions ensure that government digital assets will be properly managed and used for appropriate purposes.
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This executive order represents the formal recognition of digital assets, especially Bitcoin, by the US government. By positioning Bitcoin as a strategic asset and establishing dedicated reserves, the United States is preparing for the global financial system in the era of digital assets. As various institutions begin to implement this order, more details of the US digital asset strategy will be revealed in the coming months. March 6, 2025, will be remembered as a turning point in US digital asset policy.
This policy reinforces the distinction between Bitcoin and other cryptocurrencies, further solidifying Bitcoin’s status as the “digital gold”. With Bitcoin gaining higher legal status, we may see a more balanced regulatory approach that supports innovation and provides investor protection.
In the development of digital assets, this executive order marks the transformation of cryptocurrency, especially Bitcoin, from a technical enthusiast’s experimental project to a strategic asset recognized by the world’s most powerful countries. For long-term holders and industry participants, this is undoubtedly a historic moment of victory.
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